Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Consensus Rating of “Hold” by Analysts

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been given an average rating of “Hold” by the nine ratings firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of brokerages have weighed in on GLPEY. Jefferies Financial Group raised Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. Zacks Research cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. HSBC downgraded Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Morgan Stanley upgraded Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research note on Friday, July 3rd.

Galp Energia SGPS Stock Performance

Shares of GLPEY opened at $11.13 on Friday. The company has a market cap of $15.11 billion, a PE ratio of 22.26 and a beta of -0.07. The firm has a 50-day moving average of $11.01 and a 200-day moving average of $10.70. Galp Energia SGPS has a one year low of $8.10 and a one year high of $12.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.73 billion. As a group, equities analysts forecast that Galp Energia SGPS will post 1.03 earnings per share for the current year.

Galp Energia SGPS Company Profile

Galp Energia SGPS is an integrated energy company headquartered in Lisbon, Portugal, with core operations spanning upstream exploration and production, midstream refining, and downstream distribution and marketing. In its upstream segment, the company explores and produces oil and natural gas in regions such as Brazil’s pre-salt basins, African offshore blocks in Angola and Mozambique, and domestic wells in Portugal. Its midstream activities include refining crude oil at the Sines facility and operating a network of pipelines, while downstream operations involve the distribution and retail sale of petroleum products through the Galp-branded service station network across the Iberian Peninsula.

In addition to its traditional oil and gas business, Galp has expanded into power generation and renewable energy.